The shareholders of local company Sturgeon Aquafarms Bulgaria authorised the management to issue bonds worth between 2 and 4 mln levs. The proceeds from the placement will be used for the construction of a wholesale fish market in Sofia's Drujba borough. The investment project has applied before EU's SAPARD program but regardless of whether the co-financing will be approved or not, the implementation will kick off in early '06. The company said it may issue a second bond. Sturgeon Aquafarms posted revenues of 2.387 mln levs in Jan-Sept, up from 1.549 mln levs a year ago, and profit of 696,000 levs, up from 145,000 levs.